N6330V (catchy handle!) - you describe the circumstances where you can see this system as being of potential use - essentially structural failure. The problem is you will add definite weight and costs to the aircraft in return for protection from an extremely low probability event. In addition, you have to ask yourself whether a pilot is going to be able to push the button to deploy your system if the catastrophic event (eg blade separation or tail boom failure) occurred. I guess that is something which is impossible to prove, and therefore unlikely to attract a "buy-in" from helicopter operators.
Good luck with your assignment though!